Quote from: naturecollision on February 20, 2014, 12:07:13 PM

Quote from: Symbiont on February 20, 2014, 10:45:33 AM

Quote from: arnie123 on February 20, 2014, 10:30:16 AM

Quote from: Symbiont on February 20, 2014, 10:23:19 AM

The coin has one huge benefit! The name! Forget us nerds. Each coin has to survive in the market later. Dealers and consumers must want to use the coin. Do you want to pay later with a Lemoncoin or a Smartcoin? In addition, you can easily remember the name, it is positive, thus has a good image and it´s has a lot of marketing possibilities with the name.

for all our sake i really hope you are right, in my opinion the name alone can't do too much. Dogecoin as an example, without the community it's just a meme, at the moment this coin has nothing really going for it since the community except for the vocal few doesn't have faith and no one is buying it. Everyone talks about the 'whales' buying it and holding it yet the volume is not even at 5 btc... ever since the great dump of 100 btc. I know I sound very negative but it's just the facts and reality of the situation right now

Even Doge is very new and I don´t believe it will be successful in the long term. I´m a marketing guy and I´m thinking in longer terms. From a marketing perspective, I can say that Smarcoin has the potential to be successfully established. Theoretically, any coin can have the same technical features, this is why I am convinced that the name and the marketing long term are the deciding point. Of course is dev and also community very important. But even if the first devs disappear, others can take over their job. A community builds up, if they believe that they can become rich with the coin Wink

There are more and more similar coins. In my opinion the community and the investors / whales will realize that the biggest difference is the name and the marketing potential with it.

no marketing guy here, but I made pretty much the same thought process as you. with all the coins out there, something like a doge-coin is very successful right now, what does it mean? well to analyze a bit around: from my observation there is something like hype in pop culture which leads to certain "products" to become very successful for a limited period of time. If you ask me, dogecoin seems to be just that within the crypto world, and I agree, it wont survive long term, as teenies and girlies and reddit victims probably simply just loose interest in it, or maybe the start digging a kittencoin instead, anyways, that's all pretty silly nonserious stuff.

now lets get to litecoin: the name is actually well chosen, first of all that coin connects to bitcoin and solves most of it's flaws, and it carries it's function and purpose in it's name: it is the light version of bitcoin if you want.

but if we come to the whole pool of alts, and I have to agree with you again, the tech behind it is not that important for the masses, except for a few environmentalists who like coins that don't need much power to be mined and some other minority groups people will go with something catchy. I really wonder why it took so long to find the best name for a crypto coin, it should have been obvious even to the creators and namegivers of bitcoin itself... smart coin!

what are the implications of this name?

actually there are around three distinctive ones that I could find, some work at a very low/basic long range society development level, I will further explain:

1. the coining (no pun intended) of the word "smart" itself already happened with the widespread adoption of smart-phones! If that would not have happened already, smart could and would be taken by many with the connotation of "smart-ass" and "nerdy" stuff. This will not happen, smart is good.

2. there is a worldwide sociological movement from religion to science, from dark to light, and from stupid to smart going on. smartcoin with it's brilliant name just put's itself into just that boat and sails towards the worlds common denominator of global enlightenment, which is long due for this planet if you ask me. at the same time it may also put a stand on old money and old money systems, attacking it lightly and smartly: i.e. stupid money, banker's money and all the other stuff that just works like a method of taxation and thus costs money and is slow, but just maybe for that.

3. smart phones, and especially apple with their "i". there is no more direct and obvious link to that. If you ask a child what money makes most sense to be used with a smartphone it will probably answer something including that very word also, so it might aswell answer smartmoney/dollar/coins. and THAT is potential beyond belief. Also we know apple puts the letter "i" in front of all their smart devices, they call them "i" devices, which intuitively gets accepted as either intelligent devices or internet devices, more the further than the ladder! what does this mean? If apple won't create iMoney one day, we will probably be using smart money on our iphones one day, because every kid gets it that you need to use smart money on a smart pone, what is the thousands of years old symbol for money? it's the coin, thus it is so obvious that we intuitively are going to use smart coins to pay with our smart and i-devices.

these are the 3 cornerstones of smartcoin in my humble opinion. given that the devs and the comminity don't let the coin leave abondoned or in any other way malnourished, it will just grow fine and at some point create a hype which will settle down to steady growth and mass adoption instead of decay. this is no doge or kittencoin, not even an outer space quark coin, or ridiculous moon coin, this is something to be taken seriously and will take its rightful place amongst the tops if not THE top of cryptos just by basic logic and human intuition.

no coin can compete with this. I just wonder if the name can actually be "stolen" in any way, cause the marketing value of it is immense.

anyways, I am not heavily invested in this coin, although to some high percentage I am, which is still low by absolute means I guess - if you liked this explanation and want more analysis like this, maybe even on youtube, feel free to express your encouragement by that: SjZhcQbXW4kyPqDVNwig7gXDrJUVxMLDgv

thanks!
bye!

p.s. gonna hold this coin at least 12 months, even though it still sinks a bit, but whatever

- tell me what you think!

No wonder, but i totally agree with you. The smart theme has such a great potential and value. Smartphone / Smartcoin is only one very small part of it, but it´s an other proof of the potential and value. Nearly every person in the hole world understand the word smart. Smart is a positive thing in every society.

Smartcoin is the currency 2.0 for the hole world - it´s a smarter currency for a smarter world. This is the key fact we have to tell all the ppl out there. All of our marketing activities should include this massage, all headlines, all slogans, all pictures.

This is what smartcoin makes it better and more value as all of the other alt-coin out there.

Edit:
@ arnie123: Be patient. All companies and all coins had, have and will have some ups and downs. To say a coin has no chance or value. because it´s dropping for some days is wrong. The coin is 3 weeks old. Give it some time. This is just the beginning. If in one year it´s still low like this, you could be right... but not now. Non of the alt-coin has atm a real value, even LTC hasn´t a big one. The "value" atm is the potential of a coin in the future. And I´m sure a ScamCoin won´t have a future, but a SmartCoin could and will have a huge potential to build up a real value. A SmartCoin will be adapted by a lot of merchants and ppl. will love to pay with a smart currency.